Sanral has baulked at commenting on allegations that ETC, which manages the collection of e-tolls, agreed to pay R40-million to an allegedly dodgy subcontractor two weeks before ETC won the Gauteng e-tolls contract.
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EOH expects its losses to narrow significantly in the six months ended 31 January 2021, but the shares fell sharply in reaction to a trading statement published on Thursday.
South Africa’s Infrastructure Fund, which is spearheading government efforts to secure R1-trillion of private investment, said it has identified a project pipeline and implementation could begin by year-end.
The communications regulator on Wednesday welcomed the supreme court of appeal’s decision not to grant Telkom leave to appeal in its legal battle with Vodacom over the use of access to its ducts.
MTN is tops among South African customers, while Rain is stone last – and by some distance – according to new research gauging the sentiment of consumers towards local telecommunications operators.
National treasury is considering whether it would be better to move a chunk of Eskom’s R464-billion of debt into a special-purpose vehicle or have the state take over responsibility for it directly.
The supreme court of appeal has refused to entertain an application from Telkom seeking leave to appeal a high court judgment that handed victory to rival Vodacom over the use of Telkom’s ducts used to carry broadband cables.
South African fibre telecommunications infrastructure company MetroFibre Networx has raised R2.5-billion in new debt financing, led by Investec, adding to the R1.5-billion recently raised from shareholders.
Just a week after its CEO, Pieter Engelbrecht, teased the launch of its own mobile service, Shoprite Group has provided details of the launch K’nect Mobile, its mobile virtual network operator platform.
London-listed Helios Towers has reached agreements to buy and deploy over 2 500 high sites from and for Airtel Africa Group in deals that potentially give it access to four “attractive new markets”.